The July 2012 "Titanium Update" newsletter published by the International Titanium Association (ITA), Denver, CO, reports on significant diversification developments in the global titanium industry, including a major capital investment program for a Midwest producer of high-performance alloys and a new brand and marketing strategy for an international metals supplier.
White Mountain Titanium Corporation (OTC Bulletin Board: WMTM) reports that further to the News Release of May 31, 2012, the Company has now received initial analytical results from a surface rock sampling program carried out on three new rutile target areas and one of four known prospects. Samples were submitted for whole rock analysis using XRF and results are set out below.
Powder metal technology has garnered considerable interest in the global titanium industry. Several companies are exploring how leading edge, powdered metal techniques might be used as a lower-cost alternative to produce titanium. If such pilot programs are demonstrated to be commercially viable, they have the potential to open up a wider spectrum of commercial and industrial applications for titanium.
TOR Minerals International, producer of synthetic titanium dioxide and color pigments, specialty aluminas, and other high performance mineral fillers, today announced that it has received a purchase order from a major international chemical customer to supply synthetic rutile titanium dioxide feedstock in an aggregate amount of $11 million. The Company expects to ship and recognize revenue for the entire transaction late during the second quarter of 2012.
BHP Billiton is looking to focus on its core business areas and is going to abandon titanium mining. The Australian mining giant is selling its 37% stake in the South African titanium producer, Richards Bay Minerals. There have also been confirmed reports of cut backs that the mining giant has made in nickel ore production as well.
Iluka Resources is to resume mining operations at its Eneabba project located in the Mid West of Western Australia. The project was halted in 2010 due to low grades of ore and lower margins. Mining is likely to resume by end of the year at the project. The company will also restart its synthetic rutile kiln 3 for a commercial campaign.
South African Mining Minister Susan Shabangu has revoked the mining rights for a Wild Coast dune mining venture. The move was expedited due to strong opposition from the local community ably backed by environmental and tourism groups.
Argex Mining Inc. (TSX-V: RGX) (FSE: ASV) (OTCBB: ARGEF) has engaged GENIVAR Inc. (TSX: GNV) (GENIVAR),one of the largest engineering firms in Canada, to complete an environmental assessment for the proposed mining site to be located on the La Blache property.
Argex Mining Inc. (TSX-V: RGX) (FSE: ASV) (OTCBB: ARGEF) has engaged BBA Inc., one of Canada's leading firms of independent engineering professionals in the mining and metals sector, to complete a scoping study compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects for the La Blache property.
NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) today announced the start of a 10,000 metre diamond drilling program on the Corporation's wholly owned La Blache Iron-Titanium-Vanadium Property.
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